The sell-off in European bonds continues today. The 10-year German Bund yield is around four basis points higher to bring the three-day increase to about 22 bp. The Italian premium over Germany has risen by...
The US dollar enjoys a firmer bias against the major currencies ahead of the July employment data. Emerging market currencies are mixed. Asian currencies are generally firm while central Europe is a bit softer. Some...
The International Monetary Fund (IMF) has cut its global growth forecast to 3.2% amid high inflation and the war in Ukraine, and warned the world could be “teetering on the edge of global recession.” In...
The average age of all cars and light trucks in operation in 2022 rose to a new record of 12.2 years, according to S&P Global Mobility today. The metric tracks the average age of vehicles...
As is often the case, crises are trend gas pedals. This is the case with the covid-19 pandemic, which is a catalyst for the 4th industrial revolution in the face of the unsustainability of the...
The sharp sell-off of US equities yesterday weighed on global equities today. The Asia Pacific bourses were a sea of read with many of the large markets off 2%-3%. Japan, which returned from a three-day...
The opulent rooms of Chateau Purcari in Moldova are now hosting Ukrainians fleeing the war in their country. For the owner of the hotel, accommodating refugees is as much about politics as it is about...
Hydraulic fracturing is banned across most of Europe, but, as the EU turns to the US for an alternative gas supply, how much fracked fuel will slip in through the side door? “We think that...
The two nations have agreed to end a trade dispute. The tariffs were imposed by former US President Donald Trump on national security grounds. The United States announced on Tuesday it would drop Trump-era aluminum and steel...
The Fed has announced that it could raise its interest rate as many as seven times this year to combat soaring inflation. However, the move risks tipping the economy into recession. deutThe United States Federal...
While the World Health Organization debates about downgrading Covid from a pandemic, the rise China and Hong Kong cases is striking. A lockdown in Shenzhen and restrictions in Shanghai, coupled with a record fine by...
Bold new sanctions on Russia and more weapons for Ukraine were announced over the weekend. Russia responded by raising the readiness of its nuclear forces. As a result, the risk-on seen ahead of the weekend...